crop insurance News

Agribusiness Contributes $23B to Arizona’s Economy, Report Shows

Researchers with the University of Arizona say agricultural businesses contribute more than $23 billion in sales to the state’s economy. A report released this week by the university’s Cooperative Extension’s Economic Impact Analysis Team also states that agribusiness supports more …

Hurricane Harvey Caused More than $200M in Crop, Livestock Losses in Texas

Hurricane Harvey caused more than $200 million in crop and livestock losses, according to Texas A&M AgriLife Extension Service. Hurricane losses by agricultural commodity include: livestock – $93 million; cotton – $100 million; rice and soybeans – $8 million. Livestock …

California’s Wine Industry Taking Stock of Losses After Wildfires

Although still burning, the largest fires that have devastated California wine country are mostly contained, and winemakers, winery owners, and growers began taking stock this week of what they have—and haven’t—lost. The numbers are numbing: at least 42 dead, nearly …

Farmers in Upper Midwest Report Damage from Dicamba Herbicide

Hundreds of farmers in the Upper Midwest are reporting damage from the controversial herbicide dicamba, and state officials are considering restrictions for the 2018 growing season that might surpass even new federal rules. The state agriculture departments in North Dakota, …

California Wildfires Are a ‘Larger Scale Disaster’

Active wildfires in California have burned an estimated 1,500 homes and commercial structures, scorched more than 115,000 acres and reportedly killed 15 people. Insurers and others who access damage are only beginning to get “boots on the ground,” as the …

California’s Record Heat Struck Wine Regions at Harvest Time

The record head that baked Northern California over the Labor Day weekend left wine grapes shriveling on the vines, reducing many of them to raisins before the normal harvest and turning what was looking to be a promising vintage into …

Herbicide Drift Destroying Crops in South Dakota, Farmers Say

South Dakota farmers are reporting crops devastated by herbicide drift. The Argus Leader reports that farmers believe the herbicide to be dicamba, which is used for weed control. Three dicamba products are registered for use on dicamba-tolerant soybean plants in …

QBE H1 Profits Rise 73% on Australia/N. Zealand Rate Hikes, N. America Growth

QBE reported a healthy profit hike during first half of 2017, despite heightened claims activity in its Emerging Markets’ division, which reported a combined ratio of 110.8 percent. This poor performance has led to the creation of two separate divisions …

Arkansas Farmers Still Optimistic Despite Ravaging from Floods

While spring floods left many rice farmers with fewer acres of rice than they originally planned, they’re hopeful a rising market can offset at least some of the lost acreage. “We had 1,400 acres, and we were able to salvage …

Crop Damage from Herbicide Dicamba a Growing Problem Across U.S. Farm Belt

Larry Martin in Illinois says he’s never seen anything like it in his 35 years of farming. Arkansas soybean grower Joe McLemore says he faces the loss of his life savings. They’re among farmers across the U.S. suffering from a …